Monday, October 8

The meaning of words.

You know what annoys me? (If you read this blog even occasionally, you can probably give quite a long list in answer to that. But anyway.) It's the way the enemy class use the concept of cost when discussing tax cuts. It's not just those who oppose tax cuts; it's all of them. It's built into their way of thinking.

Mr Osborne told the Conservative party conference in Blackpool that the £3.1bn cost of increasing the inheritance tax threshold and the £400m bill for scrapping stamp duty would be funded by imposing a £25,000-per-year charge for "non-domicile" taxpayers.